BTC, ETH, or any other cryptocurrency that is generated by computer code is not classified as securities by a Belgian regulatory body.
Belgian Regulator Addresses Concerns
Belgium’s Financial Services and Markets Authority (FSMA) released a report on November 22, which addressed the question – are cryptos securities? According to the regulatory body, since Bitcoin, Ether, and other cryptocurrencies are issued solely by computer code, they are not considered securities.
An excerpt from the report reads,
“If there is no issuer, as in cases where instruments are created by a computer code and this is not done in execution of an agreement between issuer and investor (for example, Bitcoin or Ether), then in principle the Prospectus Regulation, the Prospectus Law and the MiFID rules of conduct do not apply.”
There have been increasing questions regarding where digital assets fall under the country’s existing financial laws and regulations. The above-mentioned report clarified i
We współpracy z: https://cryptodaily.co.uk/2022/11/belgium-declares-btc-eth-not-securities
